Funding round
Lyra Health Growth
Reported as "Growth Equity"
Lyra Health, which works in workforce mental health benefits services in Burlingame, raised $200M in a Growth round announced on 15 Jun 2021, led by Coatue, at a $4.60B post-money valuation. 2 firms took part. It is Lyra Health's fifth venture round on record; the one before was a Series E in Jan 2021.
$200M
Amount raised
$4.60B
Post-money valuation
2
Investors
1 lead
2.0x
Step-up from the Series E
$2.30B in Jan 2021
4.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lyra Health at $4.60B after the new money, 2.0 times the $2.30B of its Series E (Jan 2021). The $200M bought investors about 4.3% of the company. It came 5 months after Lyra Health's Series E. It is 25% of the $812M Lyra Health has raised in the venture rounds on record. Lyra Health raised again 7 months later: a Series F round of $235M in Jan 2022, at $5.90B post-money.
Lyra Health's funding rounds
Lyra Health has 6 venture rounds on record. This one is highlighted.
- Series A 14 Oct 2015, led by Greylock Partners and Venrock $35M
- Series B 7 May 2018 $45M
- Series D 25 Aug 2020, led by Addition $110M$1.10B post-money
- Series E 28 Jan 2021, led by Addition $187M$2.30B post-money
- Growth this round 15 Jun 2021, led by Coatue $200M$4.60B post-money
- Series F 19 Jan 2022, led by Dragoneer Investment Group $235M$5.90B post-money
Investors
Who put money in
Coatue led the round with 1 other firm.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Sands Capital backs 71 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Psychologists & Counseling Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 26 Jan 2021 | $60M | not disclosed | not named |
| Psychologists & Counseling Services | 13 Dec 2021 | $11M | not disclosed | not named |
| Psychologists & Counseling Services | 9 Nov 2020 | $10M | not disclosed | FPE |
| Psychologists & Counseling Services | 16 May 2022 | undisclosed | not disclosed | Frontline Healthcare Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Lyra Health raise in its Growth round?
Lyra Health raised $200M in its Growth round, announced in Jun 2021.
Who led Lyra Health's Growth round?
Coatue led it, with Sands Capital.
What was Lyra Health's valuation at the Growth round?
$4.60B post-money.
Did Lyra Health raise again after this round?
Yes: a Series F round in Jan 2022 of $235M at $5.90B post-money.